The results have been surprising and indicate that while investments have increased year over year, there are significant gaps in the tools, technologies, and processes that must be addressed to mitigate the potential negative impacts on reputation, earnings, and shareholder value.

Survey report

The results of our survey demonstrate how long-term strategies such as business agility, access to skills or knowledge, innovation or other sources of competitive advantage, are driving organizations to enhance the management of risks within their global third-party ecosystems.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see About Deloitte to learn more about our global network of member firms.